Elon Musk & Twitter Deal Could Possibly Be Revived In Unexpected U-Turn
By Alexa Heah, 05 Oct 2022
After a longstanding saga between billionaire Elon Musk and Twitter over the acquisition of the social media platform, it turns out the deal between the two parties may be back on after all.
According to the BBC, in a surprise twist, the technology mogul recently penned a letter to the company, agreeing to pay the US$44 billion previously agreed on, despite being scheduled to head to court in just weeks.
A Twitter spokesperson confirmed the proposal, saying that it was the firm’s intention “to close the transaction at US$54.20 per share,” insinuating that Musk’s offer will likely be accepted once more.
The Tesla CEO himself spoke out on the matter, tweeting that “buying Twitter is an accelerant to creating X, the everything app.” The latter was an idea he first floated in August, though it’s more or less just a blank page at this point.
Sources told CNBC the deal could close as soon as this Friday. Twitter’s shares closed over 22% up, to US$52, at the news of the impending takeover.
Will we finally see Musk become the new head of Twitter? Or will this story take yet another dramatic turn?
More related news